Fuel prices hike by Rs 2/L in Mumbai

Mumbai (IANS) Petrol and Diesel prices in the economic capital of the country have been increased by Rs 2 per litre on Monday. Now, petrol will cost Rs 78.32 per litre to Mumbaikars while diesel will be available at Rs 68.21 in the city.

The prices were increased after the Maharashtra government decided to levy a cess of Rs 2 on the vehicular fuel w.e.f. June 1. This increase will be applicable in the entire state.

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The Value Added Tax (VAT) on petrol and diesel is 26 per cent and 24 per cent respectively in the state.

Beside, a cess is also applicable on both type of fuels that the state government has increased from Rs 8.12 to Rs 10.12 per litre on petrol and Rs 3 per litre from the earlier Re 1 on diesel.

According to the Indian Oil website, prices of petrol in the four metro cities, Delhi, Kolkata, Mumbai and Chennai were Rs 71.26, Rs 73.30, Rs 78.32 and Rs 75.54 per litre, respectively. While the diesel prices were Rs 69.39, Rs 65.62, Rs 68.21 and 68.22 per litre, respectively.

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